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US Crude Oil, Gasoline Inventories Still Falling: EIA
Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector.
AI Summary
US crude oil and gasoline inventories have continued to decline, according to the latest data from the US Energy Information Administration. The decrease in crude oil inventories, totaling 8.3 million barrels, has brought commercial stockpiles to 418.2 million barrels. This level is now 6% below the five-year average for this time of year. The ongoing decline in inventories suggests a sustained trend in the US energy market, with implications for supply and demand dynamics.
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